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#16 8 10 12 13 14 15 016 17 18 19 20 A minority representation group accuses a major bank of racial discrimination in its
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8 10 12 13 14 15 016 17 18 19 20 A minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 100/0 of all applications were from minority members, and exactly 8% of the 900 open positions were filled by members of the minority. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p, where p is the proportion of minority member applications in a random sample of 900 that is drawn from all applications. (b) Find the standard deviation of p. (c) Compute an approximation for P (p 0.08), which is the probability that there will be 8% or fewer minority member applications in a random sample of 900 drawn from all applications. Round your answer to four decimal places. x Save For Later Check Submit Assignment
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